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Dec 4, 2012
12/12
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bank of america has 55 million customers here in america. they represent one out of every two households. so moynihan has a very good idea about what consumers are doing and if they spending less because of the fiscal cliff. here's what he had to say. >> i'm more about business behavior than consumer behavior. people continue to spend, housing is a little better. all the things that affect stock market are in decent shape. the question was will everything going on cause them on slow down again. >> what are you you see rg businesses right now? >> almost a year and a halving a go, businesses getting concerned about the nature of the dialogue about the fiscal situation? washington and in europe and the issues that had to be dealt with long term and how it affects near term business in terms of what would be accelerated appreciation for investment in business. what will be the final demand. so the uncertainty factor started weighing in and caused everybody to be much more cautious and continue to be more and more cautious worried about what migh
bank of america has 55 million customers here in america. they represent one out of every two households. so moynihan has a very good idea about what consumers are doing and if they spending less because of the fiscal cliff. here's what he had to say. >> i'm more about business behavior than consumer behavior. people continue to spend, housing is a little better. all the things that affect stock market are in decent shape. the question was will everything going on cause them on slow down...
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Dec 3, 2012
12/12
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and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> wa year was that one? that had to be a long time ago. when was he? you weren't around. none of us. now, the indication is for a positive opening. that's just over a third of a percentage point. the strike at the port of los angeles in long beach is entering its seventh day this morning. contract talks are between clerical workers and shippers. the walkout has dramatically slowed activity. stock workers refuse to cross picket lines set up by union clishgal workers. we're going to take one more break. this is the way we do these things. we have to do a certain amount for every 60 minutes. if we have a long 15-minute period, they know we go back to back on something. if you have any questions, e-mail us squawk@cnbc.com. becky will see it. i won't. follow us on twitter. @cnbc.com is our handle. up next, dominos, the comp
and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> wa year was that one? that had to be a long time ago. when was he? you weren't around. none of us. now, the indication is for a positive opening. that's just over a third of a percentage point. the strike at the port of los angeles in long beach is entering its seventh day this...
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Dec 11, 2012
12/12
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but america is facing a debt crisis. it is spending driven, and this talk about taxes is, fwrangly, almost -- >> am i right to read between the lines. it sounds like you are saying, it's a possibility, it could be bought if you see significant spending cuts, and dealings with the entitlement programs? >> becky, what i said earlier is this is written into current law. we know what's going to happen at the stroke of midnight. i didn't vote for any tax increases. i don't want them there. but i recognize them. it's the difference between me bringing something to the table and recognizing it's on the table. house republicans are going to work hard to minimize the increase in tax revenues. we're going to do everything we can to make sure that they are done in a way that doesn't harm the economy. an approach like simpson-bowles, which is to bring down rates, bring down marginal rates, and flatten and broaden the code. start to clear out all the loopholes that unfortunately the president seems to want to protect. but, again, you
but america is facing a debt crisis. it is spending driven, and this talk about taxes is, fwrangly, almost -- >> am i right to read between the lines. it sounds like you are saying, it's a possibility, it could be bought if you see significant spending cuts, and dealings with the entitlement programs? >> becky, what i said earlier is this is written into current law. we know what's going to happen at the stroke of midnight. i didn't vote for any tax increases. i don't want them...
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Dec 19, 2012
12/12
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this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> hanging with mr. cooperman. hedge fund, titan and ceo of omega advisor. can a shipping giant deliver for investors? inching closer with washington on the first quarter? i don't know. the second hour of squawkbox begins right now. >> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky
this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the...
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Dec 10, 2012
12/12
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that was the date that intermec announced it was obtaining bank of america merrill lynch. yes, everybody we're up for sale. >> let's get back to the economic impact of the fiscal cliff and growth prospects for 2013. joining us on set is nathan sheets, he is citigroup global head of international economics. he's also a former fed director of international finance and ian shepherdson, chief economist from pantheon economics, and our senior economics reporter, steve liesman rejoins us again. and we did, we were interrupted our conversation by this tv show, which always seems to do that. we were having like a great conversation and boom, the cameras are on. but ian, the latest thing i asked you about next year's growth. you said 2%. then year after that, 3% to 3.5%. then we got to basically to say we shouldn't be doing any tightening of any kind right now, fiscally, no tax increases, no government spending, we don't need to right now. >> let it all rise. >> the economy, in your view -- >> can i say what you said? >> euro friend? >> i'm in favor of trying euro trend. >> that's
that was the date that intermec announced it was obtaining bank of america merrill lynch. yes, everybody we're up for sale. >> let's get back to the economic impact of the fiscal cliff and growth prospects for 2013. joining us on set is nathan sheets, he is citigroup global head of international economics. he's also a former fed director of international finance and ian shepherdson, chief economist from pantheon economics, and our senior economics reporter, steve liesman rejoins us again....
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Dec 18, 2012
12/12
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high yield, corporate america, still around 6.5% and loans are around 5% and a more short duration assets. she should be trading at the higher end of the market. >>> when when we talked to david tepper, he said equities are the better value at this point. would you agree with that? >> yeah. i think if we get past this fiscal plan, all likelihood is next year will be a positive year. think about what can drive equity returns next year, it will be more about multiple expansion. he think there will be some leverage growth. where are you going the drive equity returns will be if multiples increase and really drive equity valuations. the high yield market in a lower growth stable market is going to get you good, stable returns with a lot less volatility. we do like some equities here, but we also like the credit markets and the loan markets. >> kevin, why doebts you weigh in on where things stand right now. we know what the fed is doing at this point. if washington gets its act together and we see some sort of an agreement, does that change the situation drastically? >> well, the market moved
high yield, corporate america, still around 6.5% and loans are around 5% and a more short duration assets. she should be trading at the higher end of the market. >>> when when we talked to david tepper, he said equities are the better value at this point. would you agree with that? >> yeah. i think if we get past this fiscal plan, all likelihood is next year will be a positive year. think about what can drive equity returns next year, it will be more about multiple expansion. he...
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Dec 20, 2012
12/12
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we've delivered over 600 in north america so far. it's a huge success. it's the quickest car in its segment. it has a carbon fiber construction. a lot of formula one drive technology. 0 to 60 in about three seconds and a quarter of a mile in under 11 seconds. >> you said you can roll down the back so you can still hear the engine. must be a really cool sound, right? >> you sure can. let me finish closing up -- >> the back? >> yeah, andrew, you had to keep your finger on that thing. >> here we go. >> might open now. >> open up. >> that's okay. we can open it and start. >> yeah. >> all right. >> i'll back up with my mike back here. >> wow. >> it's pretty. >> i think you're talking to me telling me we need to go, right? >> we do need to go. >> can't hear. >> you square for the quality, not at the quality, i mean it's not going to be like some british car where you got to drop the engine to change the wiper blade, right? >> you make this car in our technology center just outside of london, the same place where our formula one cars are designed and built. >>
we've delivered over 600 in north america so far. it's a huge success. it's the quickest car in its segment. it has a carbon fiber construction. a lot of formula one drive technology. 0 to 60 in about three seconds and a quarter of a mile in under 11 seconds. >> you said you can roll down the back so you can still hear the engine. must be a really cool sound, right? >> you sure can. let me finish closing up -- >> the back? >> yeah, andrew, you had to keep your finger on...